The land is currently vacant and is sited for industrial use. Based on its size, the consideration works out to US$120 per sqm.
Fraser & Neave (F&N) Holdings Bhd or F&NHB, a part of F&N Limited, has agreed to lease a parcel of land in Cambodia from Suvannaphum Investment Co., Ltd. for US$3.864 million ($5.2 million). The lease term will last for 50 years commencing on Feb 1 and ending on Jan 31, 2074.
On Feb 15, F&NHB, through its wholly-owned subsidiary, F&N Foods (Cambodia) Co., Ltd., entered into the lease agreement for the 32,200 sqm (346,597.92 sq ft) land at Suvannaphum Special Economic Zone at Samrong Kaer Village, Samrong Thom Commune, Kien Svay District, Kandal Province in Cambodia.
